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China's 'Fedex' takes backdoor route to 43.3b yuan Shenzhen listing

Tue, May 24, 2016 - 5:50 AM

Hong Kong

GIANT Chinese courier company SF Holdings (Group) has struck a 43.3 billion yuan (S$9.1 billion) deal with a little-known metals company that effectively gives the firm known as "China's Fedex" a backdoor route to a listing on the Shenzhen stock market.